Lincoln Savings Bank appoints three board members

Des Moines, Iowa-based Lincoln Savings Bank added Shara Chang, Gerald Beechum and Spencer Cohn to its board. 

According to a press release, the trio were selected based on 10 factors, some of which being their fit with the bank’s culture, prior independent auditing work, community involvement and bank experience. 

CEO Erik Skovgard said Chang, Beechum and Cohn are “highly qualified and will be tremendous assets to LSB.” 

Chang is chief legal officer of the real estate company Divvy Homes. Beechum is the founder and managing partner at the private equity firm White Cornus Lane Investments in Chicago. He’s also been a CEO, CFO, chief operations officer and chief marketing officer at multiple businesses. 

Cohn, who replaced Tony Scavuzzo on LSB’s board in August, has been with the private equity firm Castle Creek Capital, San Diego, since 2014. He serves on the board of several other community banks as part of his Castle Creek responsibilities.